Canada's freight rail network could come to a grinding halt this week, inflicting a huge economic toll after the country's two largest railroad operators on Sunday issued lockout notices to the Teamsters union that represents nearly 10,000 workers.
Pulses
Canada-wide freight rail stoppage looms this week as two firms issue lockout notices
The rail lockout: How did we get here?
In the days since August 9, panic has begun setting in within the agricultural industry. The country has never seen a labour dispute that resulted in a strike or lockout from both of Canada’s rail companies. With harvest ramping up, a suspension of rail services would be disastrous for the industry.
U.S. grains: Soybeans, corn fall on bumper yield forecasts; wheat steadies
Chicago Board of Trade soybeans and corn futures turned lower on Friday, with both also notching a third weekly loss, as farmers kept clearing out their grain bins ahead of a U.S. harvest that is forecast to see massive yields, traders said.
Agriculture groups campaign against rail strike
Pulse Canada has organized a letter writing campaign to push the government to halt the looming labour stoppage at Canada's railways.
U.S. livestock: cattle futures dip on stronger dollar, slow cash trade
Chicago Mercantile Exchange (CME) live and feeder cattle futures eased on Thursday, as generally quiet cash market and a strengthening U.S. dollar left cattle futures in a range-bound trade, traders said.
U.S. grains: Wheat loses overnight rally; soybeans and corn futures dip
Chicago Board of Trade wheat futures ended lower on Thursday as cheap Black Sea exports kept weighing on the market, which had risen overnight on a rally sparked by a Russian attack on Ukrainian port infrastructure.
Saskatchewan harvest underway amid hot and dry weather
Pasture conditions in much of Saskatchewan were diminishing due to the hot and dry conditions. While sporadic rainfall in north and east parts of the province will benefit later seeded crops as they mature, but came too late for early seeded crops.
U.S. grains: Soybeans firm after bouncing back from latest four-year low
Chicago soybeans rose on Wednesday, bouncing back on technical trading after hitting another four-year low, according to analysts.
CBOT Weekly: Conditions for U.S. soybeans, corn ‘just ideal’
With rain forecast for most of the United States Corn Belt, the prospects for larger than expected soybean and corn crops is pretty much certain, according to broker Scott Capinegro of AgMarket Inc. in Chicago.
Industry and shippers brace for Canada rail stoppage, fear ‘catastrophe’
North American industry groups and shippers are bracing for an unprecedented simultaneous stoppage at both of Canada's main railway companies that could inflict billions of dollars' worth of economic damage.
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